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iomart continues to make headway in the Cloud with new contract wins

2nd March 2011 · Press Releases

iomart (AIM:IOM), the cloud computing and managed hosting services company, continues to see strong demand through its iomart Hosting business, for the outsourcing of IT services to the cloud. This operation is now closing between 30 to 40 new orders per month from both new and existing customers, having won several significant new contracts in the past few months.

Four recently signed contracts, from both new and existing customers, for the provision of a range of complex hosting services, have a combined contractual value in excess of £1.8m. These contracts provide further evidence that cloud and virtualised environments are fast becoming the de facto method of delivering technology services and applications at the enterprise level.

These new contracts have been secured with office2office, the specialist provider of managed procurement and business critical services, GMG Radio, part of Guardian Media Group, one of Britain’s leading radio businesses encompassing the Real Radio, Smooth Radio and Rock Radio brands, a leading pan European network provider and a well known recruitment company.

Angus MacSween, CEO of iomart Group commented:

“We believe that cloud computing has reached a tipping point, having significantly moved through the early adopter phase over the past six months. Almost every company, regardless of sector or size that we speak to is considering either a full or part cloud solution for their IT needs.

“The differing types, or definitions, of cloud computing are now becoming widely accepted and understood, and definite purchasing trends are beginning to emerge. We are finding that the micro business is embracing the public cloud, whilst the enterprise and mid market is seeking the reassurance, scalability, security and reliability that a high availability hybrid or private cloud offers.”

iomart intends to issue a group trading update around the end of its financial year, being 31 March 2011.

For further information:

iomart Group plc

Tel: 0141 931 6400

Angus MacSween, Chief Executive

 

Richard Logan, Finance Director

 

 

 

Peel Hunt

(Nominated Adviser and Broker)

Tel: 020 7418 8900

 

Richard Kauffer

 

Daniel Harris

 

 

 

Threadneedle Communications

Tel: 020 7653 9850

Caroline Evans-Jones

 

Tom Moriarty

 

Hilary Millar

 

 

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